Breaking: Does Wendys Co Have More Gas After Reaching All Time High?

November 28, 2016November 28, 2016Darrin Black

The stock of Wendys Co (NASDAQ:WEN) reached all time high today, Nov, 28 and still has $14.06 target or 8.00% above today’s $13.02 share price. This indicates more upside for the $3.41 billion company. This technical setup was reported by Barchart.com. If the $14.06 PT is reached, the company will be worth $272.80 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 452,380 shares traded hands. Wendys Co (NASDAQ:WEN) has risen 18.74% since April 25, 2016 and is uptrending. It has outperformed by 12.72% the S&P500.

Analysts await Wendys Co (NASDAQ:WEN) to report earnings on February, 14. They expect $0.09 EPS, down 25.00% or $0.03 from last year’s $0.12 per share. WEN’s profit will be $23.57 million for 36.17 P/E if the $0.09 EPS becomes a reality. After $0.11 actual EPS reported by Wendys Co for the previous quarter, Wall Street now forecasts -18.18% negative EPS growth.

Wendys Co (NASDAQ:WEN) Ratings Coverage

Out of 13 analysts covering Wendy’s (NASDAQ:WEN), 8 rate it a “Buy”, 2 “Sell”, while 3 “Hold”. This means 62% are positive. Wendy’s has been the topic of 19 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Thursday, August 11 the stock rating was maintained by Goldman Sachs with “Buy”. The firm earned “Buy” rating on Friday, November 25 by Argus Research. The stock of Wendys Co (NASDAQ:WEN) has “Overweight” rating given on Thursday, August 6 by JP Morgan. The firm has “Outperform” rating by RBC Capital Markets given on Monday, November 2. The stock has “Buy” rating given by Guggenheim on Friday, September 11. Citigroup maintained Wendys Co (NASDAQ:WEN) rating on Wednesday, October 5. Citigroup has “Buy” rating and $13 price target. The firm has “Neutral” rating by JP Morgan given on Thursday, February 11. As per Thursday, August 6, the company rating was maintained by UBS. As per Monday, January 4, the company rating was upgraded by Nomura. The firm has “Buy” rating given on Friday, March 18 by Longbow.

According to Zacks Investment Research, “The Wendy’s Company is the world’s third-largest quick-service hamburger company. The Wendy’s system includes more than 6,500 franchise and Company-operated restaurants in the United States and 27 countries and U.S. territories worldwide.”

Insitutional Activity: The institutional sentiment decreased to 0.72 in 2016 Q2. Its down 0.56, from 1.28 in 2016Q1. The ratio fall, as 26 funds sold all Wendys Co shares owned while 66 reduced positions. 27 funds bought stakes while 91 increased positions. They now own 205.85 million shares or 1.97% more from 201.87 million shares in 2016Q1.
California Public Employees Retirement System has invested 0% of its portfolio in Wendys Co (NASDAQ:WEN). The New Jersey-based Kcg Incorporated has invested 0.02% in Wendys Co (NASDAQ:WEN). Ftb owns 782 shares or 0% of their US portfolio. Gemmer Asset Mgmt Ltd Liability Corp holds 312 shares or 0% of its portfolio. Bluemountain Capital Ltd Limited Liability Company, a New York-based fund reported 151,478 shares. Moreover, Franklin Resource has 0% invested in Wendys Co (NASDAQ:WEN) for 13,042 shares. Anandar Mgmt L P last reported 200,000 shares in the company. Goldman Sachs Gp accumulated 0% or 1.29M shares. Capstone Asset Mngmt reported 31,218 shares or 0.01% of all its holdings. Smithfield Co last reported 5,800 shares in the company. Comerica Commercial Bank holds 243,534 shares or 0.02% of its portfolio. Bnp Paribas Arbitrage has invested 0% of its portfolio in Wendys Co (NASDAQ:WEN). Sei, a Pennsylvania-based fund reported 2,722 shares. 1St Source Bankshares has 0.02% invested in the company for 22,369 shares. Moreover, Raymond James has 0% invested in Wendys Co (NASDAQ:WEN) for 150,404 shares.

Another recent and important Wendys Co (NASDAQ:WEN) news was published by Investorplace.com which published an article titled: “Wendys Co (WEN) Stock Up on Strong Q3 Earnings Results” on November 09, 2016.

WEN Company Profile

The Wendy’s Company, incorporated on May 6, 1994, is the parent firm of its subsidiary holding firm Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent firm of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is the restaurant firm specializing in the hamburger sandwich segment. Wendy’s is engaged in the business of operating, developing and franchising a system of quick-service restaurants serving food. The Firm operates approximately 6,080 Wendy’s restaurants in North America. Of these restaurants, over 630 are operated by Wendy’s and over 5,440 by approximately 390 franchisees. It also operates approximately 400 franchised Wendy’s restaurants in over 30 countries and territories other than North America.